Sep, 30, 2025 — HOLYOKE CREDIT UNION is a federally insured state chartered credit union headquartered in HOLYOKE, MA with 3 branch locations and about $291.29 million in total assets. Opened 115 years ago in 1911, HOLYOKE CREDIT UNION has about 21,077 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOLYOKE CREDIT UNION |
|---|---|
| Address: (Main Office) | 490 Westfield Rd HOLYOKE, MA 01040-1600 |
| Phone: | (413) 278-6852 |
| Fax: | (413) 534-2446 |
| Website: | https://www.holyokecu.com |
| Branches: | 3 branch locations |
| Members: | 21,077 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67875 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1911 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $291,293,795 |
| CEO/Manager: | James T Wolohan |
| Chairperson: | Thomas G Paquin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,843,994 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 258,800 |
| Real Estate Loans | 129,430,041 |
| Unsecured Loans | 18,128,611 |
| Other Loans | 38,846,514 |
| TOTAL LOANS | 187,923,298 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -716,780 |
| Land And Building | 2,430,867 |
| Other Fixed Assets | 1,735,328 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,069,274 |
| All Other Assets | 0 |
| TOTAL ASSETS | 291,293,795 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 46,376 |
| Notes & Interest Payable | 37,500,000 |
| Accounts Payable & Other Liabilities | 1,412,173 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,790,796 |
| Regular shares | 12,715,556 |
| All Other Shares & Deposits | 166,628,049 |
| TOTAL SHARES & DEPOSITS | 234,134,401 |
| TOTAL LIABILITIES | 273,092,950 |
| Regular Reserve | 0 |
| Other Reserves | -8,063,461 |
| Undivided Earnings | 26,264,306 |
| TOTAL EQUITY | 18,200,845 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 291,293,795 |
| INCOME & EXPENSE | |
| Loan Income | 8,574,795 |
| Investment Income | 1,995,858 |
| Other Income | 1,424,310 |
| Total Employee Compensation & Benefits | 2,549,229 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,355,724 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 569,966 |
| Cost of Funds | 4,398,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 974,223 |
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